The firm has lost four in Singapore including its CIO and two PMs. But it has signed an MoU to acquire an Asian equities boutique with seven investments staff based in the Lion City.
Star manager Bolton calls it quits, SFC appoints Goldman Sachs executive, Nikko hires Japan CLO, Man Group names new Aussie chief and Aussie Super chief executive exits.
Charles Beazley is confirmed as the global chairman and CEO of Nikko Asset Management as Tim McCarthy retires. He affirms the company’s expansion strategy in Asia.
The purchase of DBS Asset Management included its Asian fixed income and currency team, boosting Nikko AM's fixed-income suite. Nikko's Singapore team move to the old DBS AM address next week.
Tokyo-based operators engage in some soul-searching after US-domiciled funds emerge as the chief beneficiaries of a jump in trading after the March disasters.
Even as real dividend yields on Japanese stocks surpass those found in America or Europe, companies put themselves and shareholders at risk if they misuse their hordes of cash.